Atmos EnergyATO +0.88%85 Median PS Value is $118.12 as of Jun. 24, 2026, which is 7671% above its 10-year median of 1.52. GuruFocus rates ATO with a GF Score™ of 85/100 and a GF Value™ of $155.79 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 366 Utilities - Regulated companies, Atmos Energy ranks worse than 80.6% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Atmos Energy's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $29.568. Atmos Energy's 10-Year median PS Ratio is 3.9949. Therefore, the Median PS Value for today is $118.12.
As of today (2026-06-24), Atmos Energy's share price is $172.59. Atmos Energy's Median PS Value is $118.12. Therefore, Atmos Energy's Price to Median PS Value for today is 1.46.
The historical rank and industry rank for Atmos Energy's Median PS Value or its related term are showing as below:
ATO'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.99 Med: 1.52 Max: 8.45
Current: 1.46
During the past 13 years, the highest Price to Median PS Value of Atmos Energy was 8.45. The lowest was 0.99. And the median was 1.52.
ATO's Price-to-Median-PS-Value is ranked worse than 80.6% of 366
companies
in the Utilities - Regulated industry
Industry Median: 0.98
vs ATO: 1.46
Atmos Energy (NYSE:ATO) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Atmos Energy's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
172.59
/
118.12
=
1.46
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Atmos Energy Median PS Value Related Terms
Atmos Energy Median PS Value Historical Data
* Premium members only.
The historical data trend for Atmos Energy's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Gas subindustry, Atmos Energy's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Atmos Energy Price-to-Median-PS-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Atmos Energy's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 3.9949.
Atmos Energy's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $29.568.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Atmos Energy (ATO) has a Median PS Value of $118.12 as of Jun. 24, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Atmos Energy and its competitors. This is 7671% above median its historical median of 1.52. Over the past decade, Atmos Energy's Median PS Value has ranged from 0.99 to 8.45. According to the industry distribution chart, Atmos Energy ranks #295 out of 366 companies in the Utilities - Regulated industry, placing it in the top 80.6%.
Is Atmos Energy's Median PS Value too high?
Atmos Energy's current Median PS Value of $118.12 is 7671% above median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 8.45. The Utilities - Regulated industry median Median PS Value is 0.98. Atmos Energy's value of $118.12 is 11953.1% above this industry median. Based on the distribution chart, Atmos Energy ranks #295 out of 366 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Atmos Energy has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atmos Energy's Median PS Value compare to NI and UGI?
According to the Utilities - Regulated industry distribution chart, Atmos Energy ranks #295 out of 366 companies for Median PS Value. This places Atmos Energy in the lower half of its industry. The industry median Median PS Value is 0.98. Atmos Energy's value of $118.12 is 11953.1% above this benchmark. Historically, Atmos Energy's own Median PS Value has ranged from 0.99 to 8.45 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 0.98, Atmos Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for an Utilities - Regulated company?
The median Median PS Value among Utilities - Regulated companies is 0.98, based on 366 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Atmos Energy's current Median PS Value of $118.12 is 11953.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Atmos Energy and its competitors. For the Utilities - Regulated industry, the median Median PS Value is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atmos Energy's current Median PS Value is $118.12, which is 7671% above median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atmos Energy stock overvalued right now?
Based on GuruFocus' analysis, Atmos Energy (ATO) is currently considered Modestly Overvalued. The stock's GF Value™ is $155.79, compared to a current price of $172.59 — trading 10.8% above its estimated fair value. The current Median PS Value is $118.12, which is 7671% above median its 10-year median of 1.52 and 11953.1% above the Utilities - Regulated industry median of 0.98. Atmos Energy's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Atmos Energy (ATO), the current Median PS Value is $118.12 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Atmos Energy (ATO) Overvalued in 2026?
Based on GuruFocus' analysis, Atmos Energy stock appears to be overvalued.
The current stock price of $172.59 is trading 10.8% above its estimated GF Value™ of $155.79.
GuruFocus considers Atmos Energy to be Modestly Overvalued.
Key valuation signals for ATO:
Median PS Value: $118.12 (7671% above median its 10-year median of 1.52)
GF Value™: $155.79 vs. price of $172.59 (10.8% above fair value)
Industry Position: 11953.1% above the Utilities - Regulated median (#295 of 366)
No single metric tells the full story. See the ATO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3.3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
85GF Score
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